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Bitcoin price predictions are always hot topics, even more so when they are made by industry heavyweights and huge firms.
There have been a few of them over the past week or so and the figures are not small.
$150k Bitcoin From Tom Lee – Speaking to Bloomberg he added that big fund launches can have around $13 billion of first-year demand.
For Bitcoin to be able to cope with this demand he suggested it should be priced around $150,000.
The $150,000 price valuation is not too sky high and others are of the opinion that it could be even higher.
Pantera Capital founder Dan Morehead has also been talking BTC price predictions.
At the ‘Unchained’ podcast earlier this year he said that BTC could reach $42,000 by the end of 2019 but looking at current performance that appears very unlikely.
A longer term prediction could see BTC at $356,000 by 2022 according to Morehead.
“Graph the price of Bitcoin logarithmically, its trend is going to grow at 235% compound annual growth rate … And if you just extrapolate that line out for another year it’s $122,000 per Bitcoin and then one more year, $356,000.”
CEO of Bitcoin wallet provider Xapo, Wences Casares, made his own prediction earlier this year with the lofty call of $1 million in 7 to 10 years.
This would be on the premise that BTC succeeds as the financial experiment that started out a decade ago.
In other Cryptocurrency news today…
According to popular Crypto analyst, a Bitcoin bull run is to start on Thursday after difficulty adjustment.
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Show Notes / Resources:
Bitcoin Bull Run To Start On Thursday After Difficulty Adjustment